New York mayoral candidate Zohran Mamdani has proposed establishing a network of city-owned grocery stores to reduce food costs in response to rising prices. His plan has faced resistance from grocery industry leaders, notably John Catsimatidis, who argues it could threaten the viability of existing businesses. Mamdani, a self-identified democratic socialist, aims to enhance affordability in New York City through various measures, including free buses and subsidized childcare, while drawing support from economists who endorse public sector involvement to address market failures.
"If elected, Mamdani said he would redirect city funds from corporate supermarkets to city-owned grocery stores 'whose mission is lower prices, not price gouging,' according to a video posted on his campaign website."
"John Catsimatidis, CEO of grocery chains Gristedes and D'Agostino Supermarkets, found fault with Mamdani's plan, saying they couldn't compete in the market if there are city-run supermarkets."
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